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morningbrew
Feb 3, 2026
India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty
India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty
India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty
India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty
India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty
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India and Europe's 'Mother of All Deals' last week seems to have lit a fire under Trump. ⁣ ⁣ Taking to Truth Social this morning, the president announced that he and Indian Prime Minister Narendra Modi had come to an agreement on a trade deal between the two economic giants.⁣ ⁣ While details were sparse, the framework of the deal sees India lowering its tariffs and non-tariff trade barriers on the US to "ZERO," while the US will lower its reciprocal tariff on India from 25% to 18% "effective immediately."⁣ ⁣ Last year, as negotiations stalled, Trump hit India with an additional 25% tariff as it continued to purchase oil from Russia. In today's announcement, Trump says India has agreed to stop purchasing Russian oil and instead increase purchases of US oil and other products "at a much higher level." ⁣ ⁣ 📸 : Getty

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